Highlights
- Brand new luxury condominium development in Tulum, Mexico.
- Company is acquiring 4 two-bedroom units from the developer.
- Discount of almost 20% to comparable properties.
- Will be operated as a vacation rental property using AirBnB and VRBO.
- Amenities include a rooftop garden, an infinity pool and concierge.
- Investor perks to qualify for free nights at the property!
Project
Nectar Tulum is a 15-unit luxury condominium development located in the heart of Tulum, Mexico.
The property was designed by EC Architects, a Mexico-based industrial architectural firm. They maintain a focus on each project's surroundings, thus achieving a balance between the spiritual and the material. Nectar Tulum was designed for visitors who wish to experience local culture and lifestyle in local style and while living amongst the locals.
Nectar Tulum is a luxury gated community, notable for its modern architectural design and high-quality finishes, set against the backdrop of the natural wonders of Tulum. Nectar Tulum feels magical, because living in Tulum is magical. It is the first development to integrate nature, vacation and…
Units
Our company has agreed to acquire the following 4 units in Nectar Tulum.
The apartment layouts have been designed to enable a connection with Tulum's natural environment.
Plan of Operation
We plan to operate these units as short-term rentals using sites such as AirBnB and VRBO to maximize demand. We believe these units will garner significant interest from guests who wish to experience the culture of Tulum without sacrificing on convenient location and desirable amenities.
Location
Tulum, Mexico
Tulum is the pre-eminent global destination for eco-tourism and sophisticated beach life.
Market Data
- Tulum is the most visited site in Riviera Maya. Its occupancy rate is 85%.
- Riviera Maya accounts for 33.6% of total visits to Mexico, and has the busiest airport in LATAM.
- Visitors come mainly from Europe (44.2%) and the US (31.5%).
- The Tulum real estate market has grown 18% annually for the past 5 years
- Rental prices are 50% higher than in other tourist cities in Riviera Maya.
Property Location
Asteroides St., where the building is located, and the surrounding areas will be splashed with color, turning it into a walkable outdoor art museum accessible to all visitors.
Surrounded by the Mayan jungle, white sand beaches, crystal blue…
Offering
We are offering up to $1,070,000 in membership interests in the Nectar Series of Smart Vylon, LLC, the company that will own and operate the 4 units described above. In the event that we do not raise the maximum offering amount, we will acquire as many units as we can using the proceeds from the offering. Any excess capital will be returned to investors.
Financial Overview
We have agreed to acquire the 4 units for a total purchase price of $840,000. In addition to the purchase price, we estimate that there will be an additional $44,000 in expenses per unit including furnishings, closing costs, and preparing each of the units for rent.
Project Proforma
Upon closing of the acquisition of the 4 units (estimated Spring 2021), we intend to operate…
